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Question - The Jenkins, a married couple who file Married Filing Jointly, want to set up Traditional IRA accounts. If neither are covered by a retirement plan at work, what is the limit of their modified AGI in order for the Jenkins to be able to contribute to a Traditional IRA?
a. Less than $123,000
b. Less than $64,000
c. Limits do not apply
d. Less than $203,000
During FY 2016, Bravo Company plans to sell Widgets for $5.00 a unit. Use this information to determine the number of units of Widgets for Bravo to breakeven
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